£230,071
This estimated value is based upon the latest sale price for the house of £225,000 on 12 Sep 2023. This value is then adjusted by the current Official House Price Index for NORTH YORKSHIRE 1
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| Price Paid | Date |
|---|---|
| £225,000 | 12 Sep 2023 |
| £180,000 | 1 Sep 2016 |
| £160,000 | 10 May 2011 |
| Terraced |
| Freehold |
| Floor Area: 79 sq meters or 858 sq feet |
This model uses changes in the Official Land Registry House Price Index for NORTH YORKSHIRE to estimate the market value.
When this house was purchased in September 2023 the House Price Index for NORTH YORKSHIRE was 146.4.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 2.254%.Applying this 2.254% change to the original purchase price of £225,000 results in an estimated price of approximately £230,071.
| 12 Sep 2023 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 146.4 | 149.7 | 2.254 % | £225,000 | £5,071 | £230,071 |
The Postcode Pricing Model uses changes in average sales price within the HG2 postcode to calculate an estimated price.
The average sales price when the house was purchased is compared with the current average sales price.
This change is then applied to the initial purchase price to derive the current estimated price.
Three different estimates are shown, with averages drawn from 1 month, 3 month and 6 month timeframes.
The longer timeframes give less volatile estimates, but are not so timely.
More information on this model and the calculations
| Change % | Change £ | Estimated Price | |
| 1 Month Average | -24.268 % | £-54,603 | £170,396 |
| 3 Month Average | -18.238 % | £-41,036 | £183,963 |
| 6 Month Average | -9.924 % | £-22,329 | £202,670 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 27 Oct 2023 | £199,532 | £195,000 | 24 GREENFIELDS AVENUE |
| 12 Sep 2023 | £230,072 | £225,000 | 88 PROSPECT ROAD |
| 17 Feb 2023 | £160,573 | £159,500 | 5 FIRST AVENUE |
| 1 Feb 2023 | £223,493 | £222,000 | 116 PROSPECT ROAD |
| 20 Jan 2023 | £200,536 | £200,000 | 16 GREENFIELDS AVENUE |
This house has a floor area of 79 sq meters or 858 sq feet when measured on 25 Feb 2011. Using an estimated price of £230,072 means this house is valued at £2,885 per sq meter (£268 per sq foot).
The average size of a house on PROSPECT ROAD is 78 sq meters (841 sq feet).